I saw $1.95 per gallon this morning, went in a store, and when I came back out the price had jumped to $2.39! I was so mad at myself for not getting gas when I saw the first price, but geez. I don't understand the extreme retail fluctuations.

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The mind is a weird and mysterious place

Gordon Lowe

I don't understand the extreme retail fluctuations.

It's called capitalism , PRICE GOUGING , legalized theft

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Gordon Lowe

I don't understand the extreme retail fluctuations.

It's called capitalism , PRICE GOUGING , legalized theft

:~) Well, I guess so; I just like to think there's a more complicated answer than that. :~)

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The mind is a weird and mysterious place

Gordon Lowe

I don't understand the extreme retail fluctuations.

It's called capitalism , PRICE GOUGING , legalized theft

:~) Well, I guess so; I just like to think there's a more complicated answer than that. :~)

Of course it is.

Life, Economics, Politics, Cultures, are much more complicated.

Yep,

And when one tries to 'adjust' things, there are invariably UNINTENDED CONSEQUENCES of the negative sort.

Gordon Lowe

I don't understand the extreme retail fluctuations.

It's called capitalism , PRICE GOUGING , legalized theft

:~) Well, I guess so; I just like to think there's a more complicated answer than that. :~)

Of course it is.

Life, Economics, Politics, Cultures, are much more complicated.

Yep,

And when one tries to 'adjust' things, there are invariably UNINTENDED CONSEQUENCES of the negative sort.

And unfortunately usually two to three times the amount of the adjustment.

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I heard on NPR while driving my wife from one place to another. That the Saudis were purposely maintaining current production to hurt Canada and US oil production.
The reason was to drive the price so low they would stop exploration and production of oil.
They also stated that they were losing market share.
Russia was named as one who gained market share.

My wallet likes the low price. But I know the price will go up soon. My driving habits will stay frugal.

---

[/quote]

Old James

More Production + Economic Slowdown in China and Western Europe = Lower Prices.

Lower Prices/Profits = Game of Chicken.

Will be interesting.

But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession.
Maybe Im stupid but dosent low gas pricees mean people have a few more dollars to spend On something else?

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[/quote]

Old James

But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession.
Maybe Im stupid but dosent low gas pricees mean people have a few more dollars to spend On something else?

I heard it that low prices usually precede a world recession, not necessarily cause it.

The US needs something like $80/barrel for fracking to be profitable, the current low price is as a result of OPEC flooding the market to undercut fracking. Seems a risky proposition to me.

Still, the price of LPG has dropped to 52.9p/l at my local station meaning the car is costing me considerably less to run, and if there's another recession i might be able to afford a house, so i'm not worried.

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Life on earth is the global equivalent of not storing things in the fridge.

But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession.

It seems to me to have have hit a low spot at around $45. It's been hovering in that spot for several days now.

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The mind is a weird and mysterious place

More Production + Economic Slowdown in China and Western Europe = Lower Prices.

Lower Prices/Profits = Game of Chicken.

Will be interesting.

But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession.
Maybe Im stupid but dosent low gas pricees mean people have a few more dollars to spend On something else?

Except all those people being paid to drill baby drill lose their jobs.

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With the old guard gone the new take over . Nothing is just business as usual , and 1 brother will always have different ideas than the other .

In this game of chess anything can happen including dare I say it WAR !

OH that's right we are at war and the enemy of my enemy is my friend , o.k got it.

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I don't have to buy diamonds....

:):)

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All I know is it's costing dramatically less for my wife and I to gas up and we're thrilled.

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I don't have to buy diamonds....

:):)

Has that statement got LSM's approval;-)

Try to grow up in my family, from my part of
the world, and marry the lovely lady I have,
without gold. Diamonds don't cut it where
I come from. Well only four or five or so.
(Some real small)

:):)

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I don't have to buy diamonds....

If you knew how Debeers has controlled the world trade in those for 150 years you wouldn't buy one out of principle.

Understand. But...

Try and give your 'Significant Other' an Engagement Ring, without a Diamond.

What about an emerald or some other precious stone. How picky do woman get about rings?

Edit, ignore that last sentence, just realised it was a stupid question.

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Life on earth is the global equivalent of not storing things in the fridge.

I did get LSM a Ruby with diamond cluster for
our twentieth wedding anniversary.....

:):)

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Keystone XL or ... http://america.aljazeera.com/articles/2015/2/16/csx-oil-train-derails-in-west-virginia-14-cars-on-fire-towns-evacuated.html

A CSX train hauling crude oil has derailed in West Virginia with at least 14 cars bursting into flames and two nearby towns evacuated in the second significant oil-train incident in three days, local media reported on Monday.

At least one of the tank cars has entered the Kanawha River, and one car ran into a house before bursting into flames, the Charleston Gazette newspaper reported, citing Lawrence Messina, communications director for the state Department of Military Affairs and Public Safety.
...
Kanawha County Manager Jennifer Sayre told the Charleston Gazette that there was burning oil on the Kanawha River, and that county officials have told water company officials in Cedar Grove and Montgomery to shut down their water intakes.

West Virginia American Water spokeswoman Laura Jordan said the company shut down a water treatment plant, located about 3 miles away, at about 2:30 p.m. local time. The plant serves about 2,000 customers.

State health officials said another water plant downstream in the town of Cedar Grove also closed its intake.

The latest incident comes just two days after Canadian National Railways (CN) train from Alberta's oil sands derailed in a remote wooded area of northern Ontario. CN said 29 of 100 cars were involved, and seven caught fire. No injuries were reported, but the cars were still on fire Monday.

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Why Aljazeera as an attribution?

Fair and Balanced.

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If the oil is really there on U.S. property, I guess it will be extracted somehow if truly necessary.

Oil seems more valuable than gold. Why is gold still an investment commodity?

Several reasons, it's pretty to look at and very rare, plus by now our attraction to it is hard wired into our DNA.

If it were found that large quantities of gold were lying around on the surface of the moon (or just under it) people would be building their own rockets to go to the moon and collect it.

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Bob DeWoody

My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events.